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The IEA forecasts a slight dip in global oil demand in 2030, marking the first decline since the 2020 Covid shock, driven by slower economic growth, EV adoption, and energy transition efforts. Global oil consumption is projected to peak at 105.6 million bpd in 2029 before decreasing to 105.5 million bpd the following year.
India's mutual fund industry has witnessed remarkable growth, reaching ₹72.2 lakh crore AUM in May 2025, a 22.5% increase year-on-year. This surge is fueled by increased investor participation, substantial equity inflows, and the rising popularity of SIPs.
New housing launches in India's top 15 tier-II cities experienced a sharp 35% decline in the January-March quarter, as developers adjusted strategies due to rising costs and selective demand. While most cities saw significant supply cuts, Coimbatore bucked the trend with a doubling of new units.
India's ambitious bullet train project connecting Ahmedabad and Mumbai progresses with a significant boost. A Siemens-led consortium secured a ₹4,100 crore contract from NHSRCL to implement advanced signalling and telecom systems.
US stock markets experienced a slight downturn on Tuesday, influenced by disappointing retail sales data and heightened geopolitical tensions involving Iran. Declining consumer spending raised concerns about economic resilience, while President Trump's remarks on Iran added to market unease. Oil prices surged in response to the escalating tensions, impacting various sectors, with solar stocks particularly affected.
Sebi has barred Sanjiv Bhasin, ex-director at IIFL Securities, and 11 others from the securities market for share manipulation related to stock recommendations on media channels. They are accused of exploiting their influence to profit from price surges following their recommendations. The regulator has directed them to disgorge ill-gotten gains of Rs 11.37 crore.
President Xi Jinping criticized Donald Trump's tariff policies at the China-Central Asia Summit, stating such protectionism harms all parties involved. He emphasized that trade wars produce no winners. While Trump expressed openness to deals and hinted at extending the July 8 deadline, only one trade agreement, with the UK, has been finalized amidst ongoing negotiations with roughly 17 other countries.
2025/07/09 01:42:12
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